STR: Canada Hotel Results For Week Ending 2 May
Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR.
HENDERSONVILLE, Tennessee - Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR.
In comparison with the week of 28 April through 4 May 2019, the industry reported the following:
- Occupancy: -75.8% to 16.6%
- Average daily rate (ADR): -37.5% to CAD101.69
- Revenue per available room (RevPAR): -84.9% to CAD16.91
Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-87.8% to 6.8%).
British Columbia posted the steepest drop in ADR (-46.7% to CAD106.94).
Quebec reported the largest decrease in RevPAR (-91.4% to CAD10.28).
Among the major markets, Montreal saw the largest drop in occupancy (-85.4% to 11.7%).
Vancouver registered the steepest decline in ADR (-51.8% to CAD115.51).
Toronto recorded the largest decrease in RevPAR (-92.0% to CAD14.02).
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